Robinhood introduces commission-free crypto trading app
Robinhood Markets Inc. launches a new application for commission-free crypto currency trading in the European Union. According to Bloomberg, the new application will allow European investors to buy and sell more than 25 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Robinhood Crypto CEO Johann Kerbrath noted that it will also offer a loyalty program similar to cashback, rewarding a percentage of each user’s monthly trading volume in the form of Bitcoin. European Robinhood Crypto customers will not be able to transfer their crypto assets outside of the app for the time being. This feature is expected to arrive next year along with other tokens and staking services. The company will need to obtain full authorization as a crypto service provider in at least one EU member state once the bloc’s new Markets for Crypto-Assets (MiCA) regime comes into force in early 2025. Read more: Robinhood to launch crypto services in EU in ‘coming mo...